Adani Enterprises, France’s Dioxycle Partner to Launch Low-Carbon Chemical Production in India

Adani Enterprises Ltd has entered into a long-term partnership with French climate technology company Dioxycle to develop low-carbon chemical manufacturing in India, marking the Adani Group’s entry into the chemicals sector through carbon utilisation and renewable energy.

The collaboration will begin with a pilot facility at an Adani Group site to produce formic acid using captured carbon dioxide and renewable electricity. If the pilot proves successful, the companies plan to scale the technology for commercial production, with the aim of manufacturing chemicals using significantly lower carbon emissions than conventional processes.

The project will use Dioxycle’s electrochemical technology to convert captured carbon dioxide into formic acid, a chemical widely used in industries such as textiles, agriculture, leather processing, pharmaceuticals and manufacturing. By replacing fossil fuel-based feedstocks with captured carbon and renewable electricity, the partners aim to reduce emissions while creating value-added industrial products.

The initiative combines Adani Group’s renewable energy portfolio, industrial infrastructure and project execution capabilities with Dioxycle’s carbon conversion technology. Beyond formic acid, the two companies said they will explore the production of other low-carbon chemicals used across sectors including energy, packaging, advanced materials and manufacturing.

Jeet Adani, Director of Adani Group, described the project as India’s first formic acid production facility powered entirely by renewable electricity and captured carbon. He said the partnership demonstrates how industrial collaboration can transform carbon emissions into commercially valuable products while supporting the country’s clean energy transition.

Sarah Lamaison, Chief Executive Officer and Co-Founder of Dioxycle, said India offers a strong foundation for scaling clean industrial technologies because of its expanding renewable energy capacity, manufacturing ecosystem and growing demand for sustainable production methods.

The partnership reflects increasing collaboration between Indian and European companies in climate technologies and industrial decarbonisation. It also aligns with India’s efforts to strengthen domestic manufacturing under the Make in India initiative while supporting the country’s long-term goal of achieving net-zero emissions by 2070.

As industries worldwide seek to reduce their carbon footprint, technologies that convert captured carbon dioxide into industrial chemicals are expected to play an increasingly important role in building more sustainable manufacturing supply chains. The Adani-Dioxycle collaboration is expected to serve as a pilot for future investments in carbon-based chemical production in India.